O-RAN Market Size, Share, Opportunities, And Trends By Technology (Massive MIMO, Non-Massive MIMO), By Spectrum Band (Sub-6 GHz, MmWave), By Architecture (CU, DU, RU, Others), And By Geography - Forecasts From 2025 To 2030

The O-RAN market is estimated to expand at a CAGR of 17.44% over the forecast period, increasing from US$5.189 billion in 2025 to US$11.593 billion by 2030.

The deployment of 5G technology has unfolded new paths for expanding network capacity and customer experience at a reasonable cost. Open RAN enhances 5G deployments by establishing a direct link between the main network and the user’s devices, thereby providing subscriber information and location. This increased use of the 5G technology has grabbed different sectors including defense to make use of the Open RAN for the 5G deployment. In October 2024, Airspan Networks Holdings LLC announced the strategic Memorandum of Understanding (MoU) with Pavo Group, a global provider of security and defense solutions. Airspan Networks Holdings LLC is the leading developer of 4G and 5G Open RAN solutions.

This partnership would give the combined expertise of both companies. It would use the deployment of mobile telecommunications for defense, security, and critical infrastructure networks. The MoU will focus on integrating 4G and 5G into robust, secure networks, supporting the needs of military, law enforcement, and utility providers in high-demand, high-security environments. This integration would enhance real-time communication and data sharing, strengthening awareness, decision-making, and operational effectiveness.

What are the drivers of the O-RAN market?

• The rising demand for convenience and healthy foods is predicted to promote the O-RAN market expansion.

The growing deployment of 5G has boosted the demand for the Open RAN. It is a complementary framework to 5G that provides the infrastructure to support 5G's advancements. The O-RAN provides the faster deployment of 5G networks. In December 2024, Liberty announced the collaboration with Samsung Networks Latin America to test Samsung’s O-RAN-compliant virtualized Radio Access Network (vRAN) and radios in its mobile network in Puerto Rico.

Liberty would be the first telecom operator in Puerto Rico and Latin America to introduce 5G vRAN and Open RAN technologies. This collaboration would allow Liberty to expand its 5G mobile network more easily with less hardware equipment. This new introduction of technology would be a significant addition to the Puerto Rico population with 5G coverage, although Liberty's 5G population coverage reached 97.5% in Puerto Rico.

Moreover, the coverage for 5G has been increasing around the world, with 18% population under the 5G coverage in 2021, increased to 31% of the population in 2022, and reaching 38% in 2023. However, this increased distribution is very remained uneven with Europe boasting the most extensive 5G coverage, with 68% of the population covered, followed by the Americas region with 59% and the Asia-Pacific region with 42%. However, only 12% population in the Arab States region, 8% in the CIS region, and 6% in the African region are within the 5G network.  

The growing use of the O-RAN technology will provide a new and agile architecture, and reliable mobile connectivity, driving innovation in commercial networks and further bolstering 5G capabilities worldwide.

• The increase in massive MIMO technology is anticipated to boost the O-RAN market expansion.

Massive MIMO is predicted to account for a major market share due to the growing company investment in this technology and investments in 5G network coverage. Massive MIMO is a technology that uses multiple antennas at the base station to improve the throughput of a network and its capacity. The systems are based on spatial diversity, spatial multiplexing, and beamforming. Spatial diversity is when the radio signal is transmitted at several antennae, where each antenna transmits an altered version of the signal. This is very effective for ensuring the quality of the transmitted signal, as it spatially separates the receiving antennas from each other.

Another highlight of Massive MIMO is Beamforming. It works along with Massive MIMO to direct focus of the wireless signal, hence causing less interference between beams that are pointing in different directions. This implies that larger antenna arrays can be installed and boost the throughput and capacity of a network. Above everything, massive MIMO systems potentially indicate a more effective and efficient way of transmitting and receiving wireless signals.

Massive MIMO is expected to propel over the next coming years by mass commercialization of the world's 5G networks, relying on high data rates, low latencies, and huge connectivity. This 5G technology is consequently driving the demand higher. According to GSMA Intelligence data of February 2024, over half of mobile connections (51%) will be 5G by 2029 and 56% will be 5G at the end of the decade. Further, the report added that by the end of 2023, the 5G momentum with 1.6 billion connections worldwide is expected to reach 5.5 billion by 2030.

Furthermore, with expansion in 5G networks, larger antenna arrays would become more mainstream for the Massive MIMO to evolve. Technology will well advance along with the 3GPP specifications that then allow such antenna arrays to be feasible. mmWave is an important component of 5G performance and capacity which simply means that huge MIMO arrays would be mainstream during the forecasted years.

Following this, the increased number of 5G Base Transceiver Stations (BTS) makes a substantial contribution to Massive MIMO technology within the O-RAN market. Individual BTS with massive MIMO are likely to increase signal quality, reduce interference, and improve energy efficiency. Apart from AI/ML integration for 5G BTS, which optimizes Massive MIMO performance, including dynamic beamforming and user scheduling. There is a continuous increase in the number of 5G BTS deployed in India, as reflected in a Department of Telecommunication report, from 4,57,179 stations in September 2024 to the value of 4,62,854 stations in the country by November 2024. Growth in 5G BTS is one significant driving factor for the expansion of Massive MIMO technology in the O-RAN market.

What are the key geographical trends shaping the O-RAN market?

Based on geography, the O-RAN market is segmented into the Americas, Europe Middle East and Africa, and the Asia Pacific. The Open Radio Access Network (Open RAN) market in the United States is experiencing significant growth. One of the primary drivers of Open RAN adoption is the increasing demand for flexible and cost-effective network solutions. Traditional radio access networks often involve proprietary hardware and software, which can lead to vendor lock-in and high operational costs. Open RAN, by contrast, allows for multi-vendor integration, enabling telecom operators to mix and match components from different suppliers, thereby reducing costs and enhancing operational efficiency23. Major players like AT&T and Verizon are actively investing in Open RAN technologies to diversify their network infrastructure and improve service delivery.

The U.S. government has recognized the strategic importance of Open RAN in enhancing network security and reducing dependency on foreign technology suppliers, particularly from countries like China. Initiatives such as the Open RAN Policy Coalition have been established to promote this technology as part of a broader effort to bolster domestic telecommunications capabilities. This regulatory backing not only fosters competition among local vendors but also encourages innovation within the industry.

Open RAN enhances 5G deployments by establishing a direct link between the main network and the user’s devices, thereby providing subscriber information and location. Hence, various partnerships, demonstrations & trials, and investments are being implemented to complement the 5G deployment. For instance, In February 2022, Juniper Networks formed a collaboration with Parallel Universe and Vodafone both of which are pioneers in O-RAN solutions. The collaboration aimed to conduct a multi-vendor RAN Intelligent Controller trial thereby addressing business challenges faced by mobile operators around viable revenue generation, personalized user experience, and reduction in OPEX and CAPEX for 5G & 4G services. The trial emphasized developing open and agile mobile data delivery in any software-driven O-RAN environment. Furthermore, a few more key developments are imperative in driving the growth of the market. For instance in February 2024. MaxLiner Inc. launched “MXL17xxx” which is a highly integrated SoC optimized for 5G Open Radio Network and supports major Radio Units applications inclusive of massive MIMO, all-in-one small cell, and traditional macro.

In February 2022, Qualcomm Technologies formed a collaboration with Fujitsu to commercialize next-generation 5G mmWave DUs and RUs and further drive the transition towards modern 5 G mobile infrastructure. The collaboration was done under NTT Docomo’s “5G OREC Initiative,” which aimed to streamline modern network deployment and reduce the total cost by offering virtualized, O-RAN complaint, and cloud-native 5G solutions.

Recent developments in the O-RAN market:

• In February 2024, Ericsson rolled out 100,000 Massive MIMO 5G radios for Bharti Airtel in India within 500+ days as a mark of commitment to 65Million+ of its customers from the country demonstrating success. The entire work includes energy-efficient products and solutions from Ericsson Radio System, 5G Radio Access Network, and MINI-LINK mobile transport portfolios.

O-RAN market scope:

Report Metric	Details
O-RAN Market Size in 2025	US$5.189 billion
O-RAN Market Size in 2030	US$11.593 billion
Growth Rate	CAGR of 17.44%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Technology Spectrum Band Architecture Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in O-RAN Market	Fujitsu Limited Nokia Corporation Samsung Qualcomm Technologies Mavenir
Customization Scope	Free report customization with purchase

 

The O-RAN market is analyzed into the following segments:

• By Technology
  • Massive MIMO
  • Non-Massive MIMO
• By Spectrum Band
  • Sub-6-Ghz
  • mmWave
• By Architecture
  • CU
  • DU
  • RU
  • Others
• By Geography
  • Americas
    • United States
    • Others
  • Europe Middle East and Africa
    • Germany
    • UK
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. GOVERNMENT REGULATIONS/POLICIES

6. O-RAN MARKET BY TECHNOLOGY

6.1. Introduction

6.2. Massive MIMO

6.3. Non-Massive MIMO

7. O-RAN MARKET BY SPECTRUM BAND

7.1. Introduction

7.2. Sub-6-Ghz

7.3. mmWave

8. O-RAN MARKET BY ARCHITECTURE

8.1. Introduction

8.2. CU

8.3. DU

8.4. RU

8.5. Others

9. O-RAN MARKET BY GEOGRAPHY

9.1. Introduction

9.2. Americas

9.2.1. United States

9.2.2. Others

9.3. Europe Middle East and Africa

9.3.1. Germany 

9.3.2. UK

9.3.3. Others

9.4. Asia Pacific

9.4.1. China

9.4.2. Japan

9.4.3. South Korea

9.4.4. Others

10. RECENT DEVELOPMENT AND INVESTMENTS

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Market Share Analysis

11.3. Mergers, Acquisitions, Agreements, and Collaborations

11.4. Competitive Dashboard

12. COMPANY PROFILES

12.1. Fujitsu Limited

12.2. Nokia Corporation

12.3. Samsung

12.4. Qualcomm Technologies

12.5. Mavenir

12.6. Cisco Systems, Inc.

12.7. NEC Corporation

12.8. Airspan Networks

Fujitsu Limited

Nokia Corporation

Samsung

Qualcomm Technologies

Mavenir

Cisco Systems, Inc.

NEC Corporation

Airspan Networks